Macy’s, Kohl’s, Gap to furlough majority of their workers
Macy's is furloughing a majority of its 130,000 workers beginning this week as its sales have collapsed because of the pandemic.
Macy’s to close 125 stores, shed 2,000 corporate jobs
The store closures represent about one fifth of Macy's current total. They didn't specify how many jobs would be lost at the shuttered stores.
Sagging Interest in Motor Vehicles Drives July Retail Sales Down
Driven down by sagging demand for vehicles, U.S. retail sales had their worst showing in five months in July, according to newly released government figures.
Department Stores to Merge in $11 Billion Deal
Federated Department Stores Inc., parent to high-end retailers Bloomingdale's and Macy's, is buying rival May Department Stores Co. for $11 billion in cash and stock, the companies announced Monday.
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